Goldman Sachs opened the first of a two-day retail order period for the Hudson Yards Infrastructure Corp., N.Y.’s $2.15 billion tax-exempt deal as municipal bonds were unchanged ahead of next week's $7.02 billion calendar.
The municipal bond market on Friday will be looking ahead to next week’s new issue calendar as participants eye falling bond yields. The largest deal of the upcoming week is from the Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds.
Municipal bonds were substantially stronger along with Treasuries as stock swooned on growing political unrest in Washington, D.C. Meanwhile, the District of Columbia hit the primary market with over $500 million of general obligation bonds.